Or maybe they are just trying to hold onto their ego. Wouldn’t a debate between these two camps help?
And no I do not have a degree in economics. Does that mean one can’t learn? Does Testosterone go against the grain? Often information on here is before it’s time and against the mainstream. But I guess that means it’s shit in your opinion.
Wouldn’t this be true unless production of goods and services increased to match the increase in currency?
If we think of shares of a company. The shares representing money, and the company representing the country. If the company could just decide to double the shares they offer, doesn’t that mean the shares before the doubling of shares are worth less unless the company can double it’s actual value (perhaps doubling output)?
Sure, one can learn but you are buying into a theory you like because it fits what you want to see in the world.
I have looked int MMT and it really doesn’t hold water.
lol … all I’ve said is your MMT devotion is creepy and your goddess doesn’t know her ass from her elbow … I never said I agree with Keynseian/mainstream economics numbnuts … but by all means, keep assuming you know me and my economic leanings
So, your answer is, “I can’t explain it?”
11:30
Careful @mnben87, you are starting to speak with that fancy lad language like Uncle Milton (ya know that debunked moron according to OP). Send the Phil 241 students over to these forums to learn the finer points of debate and critical thinking/fallcious reasoning. Just marking up this thread would be great HW for this week.
I have asked this a couple times before: What is the practical value of believing in MMT? How would a person operate their business differently?
In college I learned how to mathematically prove:
E=mc2
given F = d(mv)/dt and m = m0[1-{v2/c2)]-1/2.
That knowledge has no practical value in my life, yet I can still prove it today.
What is the value of your knowledge? Right now I see it less than my ability to prove E=mc**2. At least a vast percentage of physicists believe Einstein is correct.
I spent some time a few years back studying common forms of fallacious arguments and how to identify them. I thought I had this new debate super power. Turns out basically nobody has cared at all haha.
I do think epistemology (I think that is the right word, basically the methods one would use to determine if something is true or not) should be a required high school course.
I tend to think (opinion) that the inflation we have been experiencing is multifaceted. Milton says in the video it is only printing more money that causes inflation, but it would make sense that a lowering of production of goods / services with a consistent amount of money would increase inflation. I think we are seeing extra money and lower amount of production.
Not exactly. He says it is caused when rate of money production exceeds rate of creation of goods and services. Hence why i posted it under your nice comments.
You gotta hang out in places other than gyms, bowling alleys and internet forums. 
I loved how Friedman talks about tobacco as currency. It perfectly explains how commodities once used as currency would have their value inflated since many people contributed to the supply. But with a paper currency the government controls the order for printing and only they can increase the supply.
Kindness, compassion, and support for their valuable customers. Maybe some nice handrails and safety steps so customers don’t injure themselves as they come over the counter. Safety first.
Thanks for watching. Extra credit…go back to first video OP put in the first post.
41:23
Watch Kelton’s eyes as she mentions risk of inflation but says “you can manage that, ok.” Tell me more 
. Use something about the limit theorem in your answer please.
Similar to a PhD student at their qualifying exam who is asked a question they have no idea how to answer. Hand wave and hope for the best. Oh well at least you leave with a MS and find a job somewhere. Or get your PhD at an easier program. Persistence, persistence.
No need to thank me. I’ve watched the whole 10 part PBS special and have the “Free to Choose,” book. Still amazes me that ran on PBS, and that he was a guest on Donohue. Imagine someone like Milton Friedman going on the View? Dear Lord.
He also had Ayn Rand on a few times iirc - and William F Buckley consistently had on folks from the left. Both Donohue and Buckley (and others) always gave space for those with whom they disagreed and were respectful enough to let them talk (usually) and asked pointed questions and challenged them … and were unafraid to be challenged themselves.
The crones on the View are intellectual lightweights compared to those who came before … even Barbara Walters dwarfs those morons on the View now…
0:40-0:59 watch the video over and over and listen and listen until you understand your statement above does not follow from what Greenspan said over those 19 seconds. Two degrees of freedom: (1) rate of money production and (2) rate of creation of goods and services.
Greenspan’s argument is Friedman’s argument.
I am certainly no economist haha. I thought about it, and it seems like something not to hard to graph out. I could easily be wrong, but it makes sense to me. I think it in theory should work like this.
Then you could calculate inflation by dividing the excess money by the current level of “goods and services”. It will not impact every good or service equally, but I’d think that on average it would work out?
The zero inflation line would be when money production matches the current rate of goods and services. I can’t imagine it would be an easy task to quantify changes in production of goods and services and then adjust money production to match. IIRC, many countries have inflation goals of like 2ish percent a year, and often hit them. That is actually fairly impressive to me.
Nice job. Another very textbook way to plot it and includes some other important parameters like money circulation velocity but doesn’t touch many others. Unfortunately we won’t see anyone put us back above 10% Fed Rate.
MechE and Economist + bodybuilder/PL. Impressive work @mnben87.
Who said running slightly supra T levels inhibits mental capacity? 
Those graphs are nicer than mine. Harder to understand though (I think).
Just not great at any of it haha.
Aside from libido, I have noticed very little mental impact from TRT or blasting. I think others may notice more. My hypothesis is that ADD / ADHD is a much larger impact to mental capacity than hormones, so even it it is impacting me, it would be hard to notice.
Yes. Like Greenspan says. Setting up a system that all the money given out can be soaked up by the real assets.
